Freakin Fitness

Early Stage

The First Built-To-Scale Functional Fitness Franchise

Analytics

Raised to Date: Raised: $84,900

Aggregate Commitments $

Platform

Wefunder

Start Date

06/23/2022

Close Date

04/30/2023

Min. Goal

$50,025

Max. Goal

$1,069,950

Min. Investment

$300

Security Type

Equity - Preferred

Funding Type

RegCF

Price Per Share

$75.00

Pre-Money Valuation

$6,211,725

Rolling Commitments $

Status

Active

Reporting Date

06/27/2022

Days Remaining

307

% of Min. Goal

170%

% of Max. Goal

8%

Likelihood of Max
extremely
Avg. Daily Raise

$21,225

Momentum
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Location

Pembroke Pines, Florida

Industry

Fitness & Wellness

Tech Sector

Non-Tech

Freakin Fitness, with a valuation of $6.21 million, is raising funds on Wefunder. The company runs and operates alternate gyms and is ready to operate on a national scale through franchising. The business offers functional fitness programs with high-intensity and full-body exercises on a national scale. Freakin Fitness has the largest facilities in the country and doubled its sales from 2016 to 2019 with a fast post-pandemic recovery. Storm Kaufman founded Freakin Fitness in 2009. The current crowdfunding campaign has a minimum target of $50,025 and a maximum target of $1,069,950. The campaign proceeds will be used for opening new locations, franchise operations, social media advertising, and pending patents and operations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,039,351

$698,334

COGS

$29,027

$50,648

Tax

$0

$0

 

 

Net Income

$20,115

$-41,552

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$235,775

$120,413

Accounts Receivable

$0

$0

Total Assets

$426,425

$200,711

Short-Term Debt

$64,598

$29,846

Long-Term Debt

$400,600

$154,900

Total Liabilities

$465,198

$184,746

Financials as of: 06/23/2022
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Freakin Fitness on Wefunder 2022
$
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $6,211,725

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